Breaking News: Markets

Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or has already fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield …

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Constellation falls after earnings beat, gives investors a chance to buy

Constellation Brands (STZ) reported solid fiscal first-quarter earnings on Thursday before the opening bell. The wine, beer and liquor company reported net sales of $2.36 billion, up 17% year over year and above Wall Street expectations of $2.16 billion. On the bottom line, the company said it had adjusted earnings of $2.66 per share, an …

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Australia RBA meeting minutes, oil and currencies

SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. the Shanghai Composite in mainland China traded higher at 0.22% while the Shenzhen Components gained by 0.15%. Hong Kong’s Hang Seng index climbed …

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Asia-Pacific markets mixed as investor sentiment remains fragile

SINGAPORE — Asia-Pacific markets were mixed in Thursday trading with multiple regional markets shedding earlier gains as buoyant sentiment from overnight moves on Wall Street following a Federal Reserve rate hike that equaled to its most aggressive such move since 1994 faded. the Hang Seng index in Hong Kong led losses among the region’s major …

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Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994. Ending weeks of speculation, the rate-setting Federal Open Market Committee took the level of its benchmark funds rate to a range of …

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Markets are now bracing for the possibility of bigger Fed interest rate hikes ahead

As inflation climbs to new 40-year highs, expectations for interest rate increases from the Federal Reserve are escalating as well. With the rate-setting Federal Open Market Committee scheduled to hold a policy meeting this week, markets are ramping up their bets on the way things will go, particularly in the months ahead. There’s still about …

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Stocks like Planet Fitness & ChargePoint are winners in this market

Investors scrambling for safety amid the persistent market downturn have plenty of buying opportunities, analysts said this week. There’s still a bunch of stocks that are attractively valued that analysts believe have tremendous upside even amid the growing concerns the economy is barreling toward a recession induced by a 40-year high in inflation. CNBC Pro …

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